234 Public Sq Franklin, TN 37064
- Lifestyle centers
- 4,608 SF
- 0.09 lot acres
Current Use by Public Records
- ONYX + ALABASTER / Home Goods Store / Interior Designer
- ONYX + ALABASTER COFFEE LOUNGE / Coffee Shop
- The LOFT at O+A | Downtown Franklin Square / Coworking Space
Property Details for 234 Public Sq
- Year built
- 1892
- Lot size
- 0.09 lot acres
- Property size
- 4,608 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 4,608 square foot, fully renovated commercial property, located on Franklin's historic Public Square, presents a unique investment opportunity. Built in 1892 and extensively renovated in 2022, this Class B building boasts two stories, offering versatile space ideal for various business ventures. The main level currently features a coffee shop and retail space, complemented by a co-working space with multiple conference areas upstairs. The property includes a food prep area convertible to a full commercial kitchen, soaring 12-foot ceilings, original hardwood floors, and a full-size basement. Modern amenities include all-new electrical and plumbing, a new HVAC system with updated ductwork, a fire safety sprinkler system, and four dedicated parking spaces. The property features three main entrances, allowing for easy division if desired. The 0.09-acre lot is zoned commercial. The asking price is $5,250,000, with a 5.15% cap rate. A sale-leaseback option is available, with a five-year lease at $270,000 annually, triple net, and a 3% annual escalation clause. The property is currently vacant. Offers are due October 9th, 2024, by 5:00 PM CST.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Franklin
- County
- Claiborne
- State
- Tennessee
- Longitude
- -86.8689
- Latitude
- 35.9254
